First Capital buys stake in Empowernet
Financial services group First Capital Group will acquire 19.9 per cent of business and wealth creation coaching firm Empowernet Digital.
The deal is part of a strategy by First Capital to “aggressively develop its wealth creation division and fast track a plan to become a fully integrated financial services company”, according to managing director Les Freeman.
First Capital will “provide financial planning advice, wealth creation strategies, and financial services and investment products to Empowernet’s global database of approximately 150,000 high-net-worth individuals”, Freeman said.
“The deal is an opportunity for First Capital to take full advantage of a new distribution channel, comprised of an ideal target audience of clients actively seeking investment options”.
“Until now there have been no complementary financial products or services available to clients that have completed Empowernet’s wealth creation seminars,” he said.
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